Brown & Brown Announces $75 million Share Repurchase Program

11/14/17

DAYTONA BEACH, Fla., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced that it has entered into an accelerated share repurchase program (ASR) with JPMorgan Chase Bank, National Association, for up to $75 million of the Company's common stock. The ASR is part of the Company’s board-approved $400 million share repurchase authorization announced on July 20, 2015.

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary. Brown & Brown’s Web address is www.bbinsurance.com.

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.